163 Shannon Street, Orillia

$599,999
163 Shannon Street

$599,999

New
2d
DetachedBungalow-Raised

163 Shannon Street, Orillia

Total Monthly Obligation $3,096

Beds
4
Baths
2
Park
4
Sqft
1100-1500
DOM
2d
Score
26
Yield
6.5%
Cash on Cash
4.0%
Cap Rate
5.5%
5Y IRR
18.8%
10Y IRR
17.3%
Property Type-Detached
MLS® Number-S14101318
Beds-4
Bathrooms-2
Size-1100-1500 sqft
Lot Size-64.31 × 120 ft
Listed on site-Oct 21, 2026
Style-Bungalow-Raised
Building Type-Detached
Age-31-50
Taxes-$3,613 (2025)
Parking-4 - None
Basement-Finished, Full
Heating-Forced Air (Gas)
Brokerage-FARIS TEAM REAL ESTATE BROKERAGE
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-South
Exterior-Brick, Aluminum Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Orillia
Title-Residential Freehold

No agent assigned

Top 5 Reasons You Will Love This Home: 1) Embrace the Orillia lifestyle with the waterfront just a short walk away, making it easy to enjoy beach days, scenic shoreline trails, beautiful sunsets, and time by the lake without the waterfront price tag 2) Enjoy the charm and convenience of being close to downtown Orillia, where local shops, restaurants, markets, entertainment, and community events create a vibrant setting with plenty to experience throughout the year 3) Offering plenty of flexibility for families of all sizes, the home features three bedrooms on the main level plus an additional basement bedroom or office, providing valuable space for guests, working from home, or extended family 4) Make the most of summer with an eat-in kitchen offering a walkout to the deck, where dedicated dining and lounging areas overlook the spacious backyard and create an inviting setting for barbecues, entertaining, and relaxing outdoors 5) Fully finished on both levels, the home provides even more room to unwind with a generously sized basement living room featuring a cozy gas fireplace, full bathroom with a walk-in shower, and a dedicated workshop and laundry area, offering excellent versatility for recreation, hobbies, or additional living space 1,113 above grade sq.ft. plus a finished basement.

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$479,999
Land Transfer Taxes$8,475
Legal Fees (Est.)
$
Total cash required for closing$129,975

Total Monthly Obligation

$3,096/mo
Mortgage $2,420
Monthly Loss $2,459
Principal$637
Interest$1,783
Property Tax$301
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.5%32
Cash-on-Cash
-1.6%5
5-Year IRR
14.4%67
10-Year IRR
14.1%
Returns Index
35.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
26/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$39,000/yr
NOI
$26,987/yr
Net Cash Flow
-$171/mo
Cash Margin
-5.3%2
Cash Flow Index
1.7/ 100
Risk Profile
Weight: 20%
DSCR
0.9322
LTV Ratio
80.0%18
Vacancy Buffer
3.1 mo51
Risk Index
30.4/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 163 Shannon Street

Time

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